Veto Switchgears Sets AGM Date and Announces Dividend

Final Dividend: Rs 1 per share
Book Closure: September 22 to September 28, 2026

Reader Takeaway: The AGM covers standard financial adoption and executive pay revisions; key dates determine dividend and voting eligibility.

What just happened

Veto Switchgears and Cables Ltd will conduct its 19th Annual General Meeting on September 28, 2026, via video conferencing. The meeting will address the adoption of financial statements for the fiscal year ended March 31, 2026, and seek shareholder approval for a final dividend of Rs 1 per equity share of face value Rs 10.

Why this matters

The AGM serves as a primary platform for shareholders to exercise voting rights on governance and financial matters. Beyond the dividend payout, the company is proposing revisions to the monthly remuneration of Managing Director & CEO Mr. Akshay Kumar Gurnani to Rs 4,00,000 and Whole-Time Director & CFO Mr. Narain Das Gurnani to Rs 1,30,000, both effective October 1, 2026.

What changes now

Investors must mark their calendars for the book closure period, which runs from September 22 to September 28, 2026. Only shareholders as of the cut-off date of September 21, 2026, are eligible to vote. Remote e-voting is available from September 25 to September 27, 2026. Additionally, the company is seeking ratification for the appointment of M/s Rajesh & Company as cost auditors for the 2026-2027 fiscal year at a fee of Rs 15,000.

What to track next

Shareholders should review the full notice to understand the specifics of the proposed remuneration for non-executive directors, which is capped at 1% of the company's net profits for FY 2026-2027. Attendance for the virtual meeting requires prior registration and, for institutional investors, the submission of board resolutions authorizing their representatives.